This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $303k initial cash invested.
-21.89%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$3,822
Rent
-$5,523
Cashflow
Cash Flow
$3,822 income − $9,345 expenses = $5,523 out of pocket
Investment Breakdown
|
Purchase Price
$1442k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$288k
Closing costs
1%
$14,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,822
Total Expenses
$9,345
Mortgage P&I
191%
$7,305
Property Taxes
14%
$542
Home Insurance
13%
$505
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0